Last checked at 1 Feb 2022 16:00
1 February 2022
Taylor Maritime Investments Limited (the "Company")
Director/PDMR Shareholding
The Company announces that Christopher Buttery has purchased 50,000 ordinary shares in the capital of the Company ("Ordinary Shares") as follows:
Director/PDMR | Ordinary Shares Acquired
| Price per Ordinary Share (USD) | Total Holding following Purchase | % of the Company's issued share capital now held |
Christopher Buttery | 50,000 | 1.30 | 224,000 | 0.068 |
The relevant notifications set out below are provided in accordance with the requirements of the Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Christopher Buttery | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Director | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Taylor Maritime Investments Limited | |||
b)
| LEI
| 213800FELXGYTYJBBG50 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary USD shares | |||
Identification code (ISIN) | GG00BP2NJT37 | ||||
b)
| Nature of the transaction
| Purchase | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
US$1.30 per share | 50,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 50,000 | ||||
- Total Price | US$65,000 | ||||
e)
| Date of the transaction
| 28 January 2022 | |||
f)
| Place of the transaction
| London Stock Exchange | |||
For further information, please contact:
Taylor Maritime Investments Limited Edward Buttery Alexander Slee
| +852 2252 3882 info@tminvestments.com
|
Jefferies International Limited Investment Banking Stuart Klein Gaudi Le Roux
Sector coverage Doug Mavrinac Hugh Eden
| +44 20 7029 8000
|
Buchanan | |
Charles Ryland Henry Wilson Hannah Ratcliff
| +44 20 7466 5107 +44 20 7466 5111 +44 20 7466 5102 |
Sanne Fund Services (Guernsey) Limited Tom Daish Matt Falla | +44 (0)1481 737600 |
About the Company
Taylor Maritime Investments Limited is a recently established, internally managed investment company listed on the Premium Segment of the Official List and traded on the Main Market of the London Stock Exchange. The Company invests in a diversified portfolio of vessels which are primarily second-hand and which, historically, have demonstrated average yields in excess of the Company's target dividend yield of 7% p.a. (on the Initial Issue Price).
The Company's initial investments comprise Geared Ships (Handysize and Supramax types) employed utilising a variety of employment/Charter strategies.
The Company intends to pay dividends on a quarterly basis with dividends declared in January, April, July and October. The Company targets a Total NAV Return of 10 to 12% p.a. (net of expenses and fees but excluding any tax payable by Shareholders) over the medium to long-term.
The Company has the benefit of an experienced Executive Team led by Edward Buttery. The Executive Team have to date worked closely together for the Commercial Manager, Taylor Maritime. Established in 2014, Taylor Maritime is a privately owned ship-owning and management business with a seasoned team that includes the founders of dry bulk shipping company Pacific Basin Shipping (listed in Hong Kong 2343.HK) and gas shipping company BW Epic Kosan (formerly Epic Shipping) (listed in Oslo BWEK:NO). Taylor Maritime's team of experienced industry professionals are based in Hong Kong and London.
For more information, please visit www.taylormaritimeinvestments.com.